FBI U.S. Marshals Auction Prices Leaked! (Bullish)

[CoinDiver]

$18m figure likely comes from the market value, and not the actual bid. It's likely cleverly worded to make you think they have more data than they really do.

[snufflufagus]

"I just want to dive into a pile of bitcoins like Scrooge McDuck." Said Tim Draper when asked about his plans for the bitcoins purchased.

-Reuters news person


Hey, if Reuters news person said it, it must be true.  Don't question it.

[BayAreaCoins]

They all overbid.

Hilarious

[BitPhotos]

eh idk, like everyone else said, this is a rumor so we will see when we see

[taylortyler]

There's no way a winning bid was over 900. If it was, he would be telling the world right?

[LostDutchman]

It makes no sense

bidders in an auction don't bid like that.

It's like when you bid on eBay. No one bids $900 for anything except morons because if you expect it to go for around $900 someone will bid $901.23 and when you snipe $900 at the last second ebay automatically places their bid and you lose for $1.23

You're telling me a firm like pantera doesn't have a single person who's ever been outbid on eBay and still bids like my grandmother who only just found the internet

The fed auction does not work like egay.

[BayAreaCoins]

It makes no sense

bidders in an auction don't bid like that.

It's like when you bid on eBay. No one bids $900 for anything except morons because if you expect it to go for around $900 someone will bid $901.23 and when you snipe $900 at the last second ebay automatically places their bid and you lose for $1.23

You're telling me a firm like pantera doesn't have a single person who's ever been outbid on eBay and still bids like my grandmother who only just found the internet

The fed auction does not work like egay.

His .02 cents!

[WoopDeBoop]

It makes no sense

bidders in an auction don't bid like that.

It's like when you bid on eBay. No one bids $900 for anything except morons because if you expect it to go for around $900 someone will bid $901.23 and when you snipe $900 at the last second ebay automatically places their bid and you lose for $1.23

You're telling me a firm like pantera doesn't have a single person who's ever been outbid on eBay and still bids like my grandmother who only just found the internet

The fed auction does not work like egay.

Yes it does, if someone had bid $900 and someone else bid $901.23 who would have won?

[freedomno1]

There's no way a winning bid was over 900. If it was, he would be telling the world right?

Not quite because their is no way to tell how the market would react to it in the long run
Perhaps it would work but we do know it is above around 550 from other bidders.

[poncom]

There's no way a winning bid was over 900. If it was, he would be telling the world right?

........ we do know it is above around 550 from other bidders.

Can you post a link to a statement from any of the other bidders saying they bid around 550?

[LostDutchman]

It makes no sense

bidders in an auction don't bid like that.

It's like when you bid on eBay. No one bids $900 for anything except morons because if you expect it to go for around $900 someone will bid $901.23 and when you snipe $900 at the last second ebay automatically places their bid and you lose for $1.23

You're telling me a firm like pantera doesn't have a single person who's ever been outbid on eBay and still bids like my grandmother who only just found the internet

The fed auction does not work like egay.

Yes it does, if someone had bid $900 and someone else bid $901.23 who would have won?

No, it does not and your statement is not the point.

The egay software sutomatically sets the levels of increase in the price of a bud, such that a bidder might bid $500, while the increase in the bid shown online is only $10, hence the successful bidder might get the item for less than he is willing to pay.

This allows a bidder to set a maximum bid and not go over it.

Also the fed auction cannot be "sniped" by software as can egay.

The fed auction and egsy auctions are similar animals but very different species.

[BayAreaCoins]

No, it does not and your statement is not the point.

The egay software sutomatically sets the levels of increase in the price of a bud, such that a bidder might bid $500, while the increase in the bid shown online is only $10, hence the successful bidder might get the item for less than he is willing to pay.

This allows a bidder to set a maximum bid and not go over it.

Also the fed auction cannot be "sniped" by software as can egay.

The fed auction and egsy auctions are similar animals but very different species.

His .02 cents!  bahaha ok sorry that is the last time I swear.

[birr]

"I just want to dive into a pile of bitcoins like Scrooge McDuck." Said Tim Draper when asked about his plans for the bitcoins purchased.

[franckuestein]

I think whenever you put currency into wall street's hands it automatically becomes dirty.

Take a look on the experience and previous projects of Tim...

His company (DFJ) funded Skype and Hotmail. Invested in Tesla and SpaceX.
In my case I smile when I see that he's very involved with science and technology projects!

[darkota]

It makes no sense

bidders in an auction don't bid like that.

It's like when you bid on eBay. No one bids $900 for anything except morons because if you expect it to go for around $900 someone will bid $901.23 and when you snipe $900 at the last second ebay automatically places their bid and you lose for $1.23

You're telling me a firm like pantera doesn't have a single person who's ever been outbid on eBay and still bids like my grandmother who only just found the internet

It's a blind auction, and only 1 bid allowed.  Just make your bid and hope for the best. 

There is no transparency like eBay,

$900 for a Bitcoin my ass. The OP is a newbie account, this is just fake info.

[WoopDeBoop]

The fed auction does not work like egay.

Yes it does, if someone had bid $900 and someone else bid $901.23 who would have won?

No, it does not and your statement is not the point.

The egay software sutomatically sets the levels of increase in the price of a bud, such that a bidder might bid $500, while the increase in the bid shown online is only $10, hence the successful bidder might get the item for less than he is willing to pay.

This allows a bidder to set a maximum bid and not go over it.

Also the fed auction cannot be "sniped" by software as can egay.

The fed auction and egsy auctions are similar animals but very different species.

I didn't say it could be sniped, I pointed out no firm would be stupid enough to bid round numbers since they would know that you can be outbid by a tiny amount and people frequently bid like that ($901 or whatever)

[BurtW]

It makes no sense

bidders in an auction don't bid like that.

It's like when you bid on eBay. No one bids $900 for anything except morons because if you expect it to go for around $900 someone will bid $901.23 and when you snipe $900 at the last second ebay automatically places their bid and you lose for $1.23

You're telling me a firm like pantera doesn't have a single person who's ever been outbid on eBay and still bids like my grandmother who only just found the internet

It's a blind auction, and only 1 bid allowed.  Just make your bid and hope for the best. 

There is no transparency like eBay,

$900 for a Bitcoin my ass. The OP is a newbie account, this is just fake info.

No shit Sherlock.  Did you bother to read the thread?  No.

[TheTruth4]

"Don't believe everything you read on the Internet!" - Thomas Jefferson

[unexecuted]

"Don't believe everything you read on the Internet!" - Thomas Jefferson

Actually Thomas Jefferson said "It is an inalienable right of the people to believe everything they read on the Internet".

[StatusSeeking]

I thought Abe Lincoln said that ...